ISLAMABAD
\nThe Executive Committee of the National Economic Council (ECNEC), which met under the chair of Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar Thursday approved several projects.
\nFederal Minister for Commerce Syed Naveed Qamar, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Federal Secretaries and other senior officers from Federal Ministries and Provincial departments participated in the meeting.
\nThe ECNEC considered and approved revised project of Ministry of Communication titled \u201cDualization of Rawalpindi \u2013Kahuta road ( 28.4 kms) including 4-lane bridge over Sihala Railway pass, Sihala bypass and Kahuta bypass \u201d at a revised rationalized cost of Rs. 23,545.021 million on financing share of 50:50 basis by the Federal and Provincial Govt. The project will be executed by NHA.
\nThe ECNEC considered a revised project of Ministry of Defence Production titled \u201cInfrastructure Up-gradation of Karachi Shipyard and Engineering Works (KSEW).\u201d The project envisages renewed underwater repair capability and concrete rehabilitation\/up-gradation works for restoration of existing two dry Docks for ships\/ submarines. The ECNEC approved the project at a revised updated cost of Rs. 10,689.807 million including FEC of Rs. 4,934.564 million.
\nThe ECNEC considered and approved a project titled \u201cConstruction of Abdul Khel \u2013 Dhakhi- Kallurkot (45 kms) road\u201d at a cost of Rs. 14,257.294 million without FEC. The project will be executed by NHA in Dera Ismail Khan district of KPK at 50:50 cost sharing between the Federal Govt and KPK Govt.
\nThe ECNEC considered revised project of Ministry of Water Resources titled \u201cGaruk Storage Dam, district Kharan\u201d to be executed by Irrigation Department, Balochistan Government in Kharan district. The project aims at mitigating and storing flood waters of Garuk River and providing water for irrigation. The ECNEC approved the revised project at a cost of Rs. 27,753.763 million without FEC.
\nThe ECNEC also considered and approved another project of Ministry of Water Resources titled \u201cRemodeling of Pat Feeder Canal System in Baluchistan, district Naseerabad \u201d at a cost of Rs. 61,793.367 million without FEC. The project will be financed through Federal and Provincial Government on 80:20 cost sharing basis.
\nThe ECNEC considered and approved a project of Pakistan Atomic Energy Commission (PAEC) titled \u201cChasma Nuclear Power Project Unit-5 (C-5)\u201d at a rationalized cost of Rs. 1,047,988.84 million with FEC of Rs. 187,098.96 million and Chinese credit of Rs. 820,742.99 million to install a nuclear power plant of 1200 MW capacity in Mianwali.
\nThe ECNEC also considered and approved in principle a project of Sindh Government on Construction\/Re-construction of Existing Schools in Sindh affected under Rain\/Flood-2022 in Sindh at a cost of Rs. 12,338.294 million, with 50:50 cost sharing basis between Federal and Provincial Governments.
\nThe Planning Commission submitted a project of Federal Board of Revenue titled \u201cInvestment Project Financing (IPF) Component of Pakistan Raises Revenue Project\u201d at a cost of Rs. 21,518.677 million ( i-e US$ 80 million World Bank loan) to enhance tax to GDP ratio. Under the project, mobile facilitation centers will be established in phased manner. The ECNEC approved the project.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD The Executive Committee of the National Economic Council (ECNEC), which met under the chair of Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar Thursday approved several projects. Federal Minister for Commerce Syed Naveed Qamar, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Federal Secretaries and other senior […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-345995","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n